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Reply With Quotenice accumulation, something could be brewing!
IGSM - IGSM Group Inc. (Pink) Low float; Early bird Alert ~
I don't post many, but when I do I like them to have a min. 500% upside potential.
IGSM
Hearing this one is being prepped for a run. Very early alert..
Company has been in a quiet period while working with Salberg & Company to prepare audited financials, which is necessary for them to up list from the pinks. The 10k is finally in final stages of being completed (if not completed already). I'm hearing the release of the 10k will coincide with a large float lock down campaign, the likes of STHG, which ran from 0005 to over .02
IGSM share structure makes this rumor more credible...and is very appealing!
Share structure for (IGSM GROUP INC.) as of: 8-23-10
Authorized: 495,000,000
Outstanding: 485,101,266
Restricted: 285,959,690
Float: 199,141,576
The company has not raised the authorized in quite sometime and there are no plans to do so, therefore the o/s will remain maxed out and no dilution can occur. This is a huge catalyst for a triple zero stock.
Normally on these types of plays the a/s is maxed out north of a billion, but with only 495 million a/s and throw in a sprinkling of news IGSM could provide a massive opportunity imo.
Put it on your watch list for volume...
nice accumulation, something could be brewing!
Question
"Company has been in a quiet period while working with Salberg & Company to prepare audited financials, which is necessary for them to up list from the pinks. The 10k is finally in final stages of being completed (if not completed already). " I looked on the net trieng to find something on this and could not find anything not even on igsm's website. Could u point me in the right direction?
First news since 2009!
IGSM Completes Audits
FT. LAUDERDALE, FL--(Marketwire - 09/22/10) - IGSM GROUP INC. (Pinksheets:IGSM - News) announced today that it has completed the two year financial audits in connection with its intention to become a full reporting company.
"It's finally completed," said H. Francis Fytton, CEO of IGSM. "I am pleased to announce the completion of the Consolidated Financial Statements for the periods ending December 31, 2009 and 2008. These are now published on PinkSheets.com. Our next step is the filing of the necessary SEC documents to become a full reporting company. We have already started this process by preparing documents and working with our attorneys. It's now full speed ahead on completing our filing," H. Francis Fytton, CEO of IGSM, added in closing.
Full reporting companies are required to file documents with the Securities and Exchange Commission in addition to providing fully audited financial statements. The OTCBB requires companies to be fully reporting.
IGSM Completes Audits - Yahoo! Finance
IGSM playing out nicely
up 87% on 90 million shares.. float lock down underway i'd say..
strong and steady... up 150% from early alert!
plan the trade, trade the plan... + 250% now
thing of beauty IGSM - SharpCharts Workbench - StockCharts.com
Looking good vspec... Pinks are risky but this one looks like a great trade. Don't like that the volume is decreasing though. When you anticipating a pullback and you think there will be another leg up?
Thanks Favstocks...Originally Posted by FavStocks
Without question pinks are risky, but of course greater risk yield greater reward. At .0008 the upside reward far outweighed the downside risk given the forward looking events and tight share structure.
Regarding volume, in this case declining volume is actually a positive. With a float of only 199m, you can't sustain trading volume of 100m. This shows the flippers have flipped and the float is in strong hands, evident by today's trading action; up 30% on only 15m shares.
I'm sure at some point there will be a pullback, after all it's up 325%. These are only trading vehicles, it never hurts to take your original investment and some profit out.
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